Kalshi Sports Betting Investigation

Zimmerman Reed is investigating Kalshi’s conduct toward California consumers. Sports betting remains illegal in California. Despite this, Kalshi actively solicited residents of the state to place what were, in substance, sports bets — while misrepresenting the nature of the activity and the fairness of the platform.

We are looking to speak with individuals who meet the following criteria. Even if you are unsure whether you qualify, we encourage you to reach out for a free evaluation.

• You are a resident of California or were located in California when you used Kalshi.
• You placed sports-related trades or “event contracts”on Kalshi’s platform — including bets on NFL, NBA, MLB, NHL, college sports, or other sporting events.
• You lost money on those trades — whether through losing positions, payout failures, unfair settlement, or an inability to withdraw funds.
• You believed — based on Kalshi’s advertising or representations — that what you were doing was legal sports betting or legitimate financial trading.

If you made sports-related trades or “event contracts” on Kalshi’s platform and lost money, you may be owed compensation. To find out if you are eligible, fill out a free case review form to contact us.

You will not be responsible for any fees or costs unless we obtain compensation for you. You will sign an agreement for Zimmerman Reed to represent you in your arbitration claim, but we only get paid if we obtain a financial recovery. If we are not successful in getting financial compensation for you, you will owe us nothing.

Zimmerman Reed LLP has taken on and won tough cases against corporations across the country since 1983. In the arbitration context, our firm has helped tens of thousands of consumers and workers obtain compensation from companies that have violated their rights.

We understand the frustration and disappointment that can result from deceptive marketing practices, and we are committed to helping you seek the compensation and justice you deserve.